Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Wealth & Lifestyle Lifestyle

Here’s what you need to know about Microsoft’s new office in Lagos

The centre will form part of Microsoft’s US$100 million investment for two development centres in Africa

Estate Intel by Estate Intel
March 26, 2022
in Lifestyle, Real Estate and Construction
Microsoft opens new African Development Centre in Ikoyi
Share on FacebookShare on TwitterShare on Linkedin

Microsoft Corporation has just opened its African Development Center in Lagos, Nigeria against the backdrop of its market announcement made in 2019. The centre will form part of Microsoft’s US$100 million investment for two development centres in Africa, with the other located in Nairobi. Located in Ikoyi, here’s what you need to know about Microsoft’s new office building, King’s Tower:  

  1. With over 11,000sqm gross leasable space spread across 15 floors, and located on the corner of Glover Road and Alfred Rewane Road (formerly Kingsway Road), King’s Tower was completed in Q1:2019.
  2. Developed by Sky View Towers Limited, the development is part of other prominent Alfred Rewane Road office projects including Heritage Place, Alliance Place, Temple Tower, Famfa Oil Tower, Dangote Industries Headquarters and BAT Rising Sun.
  3. Alongside Heritage Place, King’s Tower is one of the most prominent office buildings in Lagos, with asking rents of approximately US$800/sqm/per annum.
  4. Its unique design, put together by SAOTA, makes it a favourite among major tech occupiers, with Microsoft occupying up to 4 floors and Facebook occupying over 4,000sqm of space in the building.
  5. Other notable features and amenities include favourable floor to ceiling height, availability of a gym and luxury retail amenities such as a jewelry store. 

Over the past few years, lease transactions from the technology space have slowly outpaced what we have historically seen from energy companies, which used to be among the largest drivers. Notable lease transactions in recent years include Oracle’s initial 2000sqm lease in Heritage Place, Ericsson’s 3,000sqm lease in The Wings Towers, and Facebook’s 4,000sqm+ lease also within Kings Tower. 

With rapid tech growth expected in Lagos, tech companies’ occupier demand is only set to intensify, as highlighted in our previous article, fuelling growth in the office sector. 

RelatedPosts

WizKid, Tems BET Award winning “Essence” raking in over $1 million+ in estimated streaming revenues

EFCC says landlords letting houses to internet fraudsters risk 15 years in jail

We love your feedback! Let us know your feedback on the impact of the tech sector in real estate in Lagos by sending us an email at insights@estateintel.com

Related

Tags: Estate IntelKing's TowerMicrosoft

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Hot forex
Cornerstone
Mega Millions
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Fayose insists on a Southern president in 2023, unlikely to support Atiku
    • Top 5 reasons why you should consider France for your studies
    • The NGX closes flat as market cap declines slightly by N811 million

    Follow us on social media:

    Recent News

    Ayo Fayose

    Fayose insists on a Southern president in 2023, unlikely to support Atiku

    June 29, 2022
    Women History Month; Tech-related scholarships for Women

    Top 5 reasons why you should consider France for your studies

    June 29, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com